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Bank Negara Malaysia reserves slightly up at US$98.9b as of June 30

Fri, Jul 07, 2017 - 4:28 PM

Any international bank that has an operating license in Malaysia could face legal action if it facilitates ringgit futures trading on the Singapore Stock Exchange and the Intercontinental Exchange, Malaysia's central bank governor said on Friday.

PHOTO: BLOOMBERG

[KUALA LUMPUR] Malaysia's gross international reserves rose to 425.395 billion ringgit US$98.9 billion as of June 30, from US$98.7 billion on June 15, the central bank said on Friday.

Bank Negara Malaysia (BNM) said reserves were sufficient to finance 7.9 months of retained imports and were 1.1 times the short-term external debt.